Would it be reasonable for the PCC to specify, in accordance with the 'due prominence' requirement mentioned in the code, that apologies should be printed in the same font size (and perhaps on the same page) as the erroneous statement was printed?

Aside from being hilarious, it would hopefully result in a little less weasliness.

It would be lovely if apologies and corrections had to be published as prominently as the original story, but it won't make much difference to readers who will continue to believe the bollocks they were fed in the first place. Ben Goldacre in the Guardian reported on this phenomena a couple of weeks back.